The EU’s Multiannual Financial Framework 2021-2027 offers a unique opportunity to use public finances to accelerate the energy transition. But to succeed, this transition must be inclusive, equitable and citizen-centred.
Most EU countries missed the deadline to submit additional REPowerEU chapters to national recovery and resilience plans on time, including Latvia, where few details about the reasons for the delay have emerged. Here are some ideas on how Latvia can make the best use of EU funds to help decarbonise its energy system and support its citizens.
The European Investment Bank (EIB) made history with its decision to stop financing fossil fuel energy from 2022 onwards. By adopting the PATH Framework in October 2021, it seemed the EIB had finally set the conditions requiring its clients to disclose information on their corporate-level emissions, as well as decarbonisation plans. But a year later, it made a U-turn.
Using EU funds, the Czech government plans to provide EUR 114 million for the expansion of the Transalpine (TAL) oil pipeline, which links the Italian port of Trieste with refineries in Austria, Germany and the Czech Republic. The project raises concerns about its compliance with EU legislation as well as its environmental and economic sustainability.
The Estonian government is considering pumping money into controversial nuclear power. Instead, it should strengthen its efforts to ensure a resilient, fully renewable and decentralised energy infrastructure.
In February and March 2023, our environmental organisation Za Zemiata (Friends of the Earth – Bulgaria) organised several meetings in Stara Zagora and Galabovo in south-central Bulgaria dedicated to just energy transition and the development opportunities it offers the region. Our main aim was to involve local stakeholders whose voices have thus far been ignored. Participants included representatives of civil society, members of small and medium-sized enterprises and academics from Trakia University in Stara Zagora. Unfortunately, despite efforts to foster dialogue between business, civil society, academia and the institutions, the absence of the municipality, which was invited to attend the meetings, was notable.
